IQE Plc acquires third-party shareholdings in its CSDC joint venture

  • IQE Plc (IQE) has announced the acquisition of third-party shareholdings in its CSDC joint venture in Singapore
  • With the acquisition, the company has taken its ownership to 100% in CSDC, which was formed in 2015 as a= joint venture between IQE’s Singaporean subsidiary MBE Technology Pte Limited with a majority stake of 51% along with WIN Semiconductors Corp, Nanyang Technological University and individuals of the NanYang University.
  • The acquisition will help the company to follow Asian market sales opportunities for MBE-based products returning to profitability.
  • On 10th October 2019, at the time of writing, GMT 08:10 AM, IQE shares were trading at GBX 64.50, up by 3.35 points or 5.48% against the previous day closing price.